That was a pivotal moment in my journey, allowing me to achieve better conversions at my appointments and helping me reach 24 deals and over $250k in my second year.

Boat and RV storage is at a premium for many people so you have a good idea to use existing land to generate income without doing too much in the way of improvements.

It makes more sense for him to sell them and get into something new that will at least break even. 

Also, one way to look at it is that you would be paying a difference of 3.5% on your $14,000 if you go with the 7% rate.

@Tamera Means depending on sq footage and quality of finishes you're looking at 100-150k all in.

And when you sell it if you meet the primary residence requirements the profit is tax free.It is possible in many instances to own successful rental real estate that generates real dollars in your pocket but operates at a loss for tax purposes. 

At any rate honor the lease and give them the 30 day notice.

At least there you have more power for negotiation. 

Are you at market rate rents? 

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